Update

Update 887: Implications of BLS Firing, Fed Resignation

September 2, 2025 | The Fed, Update

Update 887 – Data, Policy Independence:Implications of BLS Firing, Fed Nomination President Trump is set to shape two key economic institutions – the Bureau of Labor Statistics and the Federal Reserve – this week following his dangerous, unprecedented dismissal of Commissioner of Labor Statistics Erika McEntarfer and the unexpected resignation of Fed Governor Adriana Kugler …

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Update 886: Trump Levies to Hit Aug. 7

September 2, 2025 | Housing, Jobs, PCE, Stock Trading, Tariffs, unemployment, Update, Weekly Round Up

Update 886 – Trump Levies to Hit Aug. 7Stock Trade Ban Gains; Big Jobs Retreat New tariff rates are set to go into effect in seven days following an Executive Order signed by Donald Trump yesterday. The new rates range from 10-41 percent, way above the historical average, but countries still have one week to …

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Update 884: Trump/Powell Tete a Tete

September 2, 2025 | AI, FOMC, Labor, Nominations, SCOTUS, The Fed, Update, Weekly Round Up

Update 884 – Trump/Powell Tete a Tete, Japan Deal, EO on AI, Noms Lead Week President Trump continued his ongoing pressure campaign against Federal Reserve Chair Jerome Powell in a highly unusual hard-hat clad tete-a-tete to tour the Fed’s Washington D.C. building renovations yesterday afternoon. Trump called on the Fed to lower interest rates ahead …

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Update 882: Rescissions Package Sets Precedent

July 21, 2025 | Appropriations, CFPB, CLARITY Act, CPI, Cryptocurrency, Dodd-Frank, DOGE, FY26, Genius Act, Hearings, PEPFAR, Recissions Package, Tariffs, Update

Update 882 – Fiscal Fingers Crossed?Rescissions Package Sets Precedent For the first time in over 30 years, Congress has acted on a presidential rescissions request under the Impoundment Control Act to cancel funding that was previously approved in bipartisan appropriations bills. Beyond funding cuts, this move sets a precedent for undoing negotiated agreements by simple …

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Update 881: Crypto Week in the House

July 21, 2025 | CFTC, CLARITY Act, Cryptocurrency, Genius Act, OCC, SEC, Update

Update 881 – Crypto Week in House:Bumpy Ride on the Digital Express This week is “Crypto Week,” or “Anti-Crypto Corruption Week,” depending on who you ask. Many of Trump and the GOP’s financial regulatory objectives are approaching fruition, with major pieces of crypto legislation up for a vote in the House this week. One of …

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Update 880: Rescissions Cloud Looms over FY26

July 21, 2025 | CFPB, Cryptocurrency, Education, Education Finance, FDIC, FY25, FY26, Genius Act, Hearings, Nominations, OCC, PEPFAR, Recissions, Update, Weekly Round Up

Update 880 – Recissions’ Impact on FY26, Gould’s OK for OCC Lead Week’s Round-Up Senate Republicans this week debated Trump’s $9.4 billion rescissions package targeting funding for international aid and public broadcasting, which faces a July 18 deadline for a simple majority vote. While the package is small, its passage could cloud negotiations on FY26 …

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Update 879: Tariff Rate Delay and Suspended Animation

July 21, 2025 | Tariffs, Trade, Update

Update 879 – Trade Uncertainty Persists;U.S. Firms, Consumers Slow to Respond This week, the Trump administration pushed the Liberation Day 60-nation tariff “deadline” to August 1. President Trump took to social media to announce the new rates 21 nations will face by the new deadline. The very sectors and businesses that the President campaigned to …

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Update 878: GOP Mods, Hawks Chicken Out on OBBB

July 21, 2025 | FDIC, Healthcare, Interest Rates, IRA, Jobs, Medicaid, OCC, One Big Beautiful Bill, Social Security, Tariffs, TCJA, The Fed, Trade, unemployment, Update

Update 878 – OBBB’s Parable of the Cave: GOP Moderates, Hawks Chicken Out on Bill Moments ago, the House passed Trump’s signature domestic economic legislation, the “One Big Beautiful Bill Act,” sending it to Trump’s desk in time for July 4. Trump achieves much of his domestic policy agenda, with his TCJA tax cuts extended, …

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